HNHacker News
TopNewBestAskShowJobs

PatientTrades

-14 karma · joined October 11, 2017

submissionscomments
PatientTrades··on Beer giant ABI bought many craft brews and is now buying beer rating websites
If the beer taste great and is inexpensive I don't see how anybody can have a problem with that.
PatientTrades··on Against a Tax Increase on Berkeley Students
Everyone is for higher taxes until it affects them personally of course. Berkeley is essentially an ivy league school and a guaranteed ticket to a upper/middle class life. Asking their students to pay more and help the government stay funded is too much to ask though.
PatientTrades··on Too poor to retire, too young to die (2016)
> Her monthly income consists of $1,200 in Social Security and a $190 pension

That is a decent salary if she lived in a cheaper state like Mississippi or Kentucky. I realize there are other factors at play here, but its your choice to retire in a ridiculously expensive state like California.

PatientTrades··on America’s ‘Retail Apocalypse’ Is Really Just Beginning
Even with high consumer confidence, retail is dying. The middle class no longer has the same spending habits as it did for the past 60 years. Its fair to say that retail malls and outlets as we know them might not exist in the next 15-20 years. Why would somebody walk into a Macys and buy and item when you can order it of Amazon and have it delivered the same day for %20 cheaper?
PatientTrades··on China’s Tencent Buys 12% Stake in Snap
I'd bet this 12% stake is actually a behind the scenes loan in the form of buying stock. No way would any smart investment company have genuine long term interest in Snapchat at this point. Older people are not using snapchat, and younger people will grow out of it within the next 5-7 years. Snap is still a major short imo, will be under $10 a share in next 6-8 months
PatientTrades··on The GOP Tax Plan Will Destroy Graduate Education
> I would have to say the title is not sensationalist at all

It's appalling that you don't find the title extreme. No way will a tax plan completely destroy higher education as we know it.

> Where do you think those funds are going to come from?

Its simple. The schools are going to start including the cost of taxes when covering the grad students tuition costs. For example, if tuition is 50k + a tax of 10k. The schools will cover the 60k for tuition for a full ride. No school with a conscious is going to slap a grad student with a sizable tax bill.

PatientTrades··on The GOP Tax Plan Will Destroy Graduate Education
Sensationalism at its finest. At some point we have to demand some sort of integrity from our media. This is getting out of hand. The tax plan will force schools to alter graduate tuition accounting. But "Destroy" really?
PatientTrades··on Homeless explosion on West Coast pushing cities to the brink
> Weird how New York City housed millions of poor immigrants at the turn of the century

Are you really comparing housing standards for the poor today vs 100 years ago? Unless your solution is to throw all poor people in filthy slums like its 1902 I don't see the point of your comment.

PatientTrades··on Homeless explosion on West Coast pushing cities to the brink
This is the result of population growth. Even if housing is built specifically for poorer and lower income individuals, middle class families looking for housing will inevitably trickle in causing demand and prices to rise naturally. Once again poor individuals will be on the street. The same cycle keeps occurring in cities across America. Properties designed for the poor end up getting bought by middle and upper class individuals, seen this in Washington D.C. and New york firsthand. Other than full blown capping prices that can be charged for rent, I don't see a long term solution.
PatientTrades··on ‘I lost everything:’ Homelessness surges in Silicon Valley
The main problem is population growth. Even if housing is built specifically for poorer and lower income individuals, middle class families looking for hosuing will inevitable trickle in causing demand and prices to rise naturally. Once again poor individuals will be on the street. The same cycle keeps occurring in cities across America. Properties designed for the poor end up getting bought by middle and upper class individuals, seen this in Washington D.C. and New york firsthand.
PatientTrades··on Waymo now testing its self-driving cars on public roads with no one at the wheel
A lot of what if scenarios being asked. The key takeaway here is that anyone that drives a truck, taxi, uber, lyft, or any other vehicle for a living will highly likely be out of a job in the next 10-15 years. So roughly about 10-12% of the global workforce will be unemployed.
PatientTrades··on LA Times barred from Disney movies after report on corporate welfare
Government should not be picking winners and losers. Giving tax breaks and subsidies to Disney so they can stay afloat is horrible. Hats off to the LA times for exposing this, the people are waking up and are tired of big government and corporate America robbing the poor and middle class blind.
PatientTrades··on Why and how the Cryptobubble will burst
This article fails to address the major question. Why and how are not important. The only thing that matters is WHEN the bubble will burst. Nobody can answer that question. My best estimate is around the 2020 election cycle when regulation of cryptocurrency becomes a major issue
PatientTrades··on Broadcom Offers $105B for Qualcomm in Landmark Deal
Even at $105B this would be a bad deal for Qualcomm and its shareholders. Long term Qualcomm will be worth probably double that offer in the next 20-25 years if current trends continue. Cashing out now would be very a short sighted move for shareholders
PatientTrades··on House Republicans propose to scrap $7,500 electric vehicle credit
Why do articles like this always paint reductions in a negative manner? This is actually a positive. The credit should be scraped immediately. The credit was an initial incentive to help encourage drivers to adopt electric vehicles, and it worked very well. Electric vehicles are everywhere especially in major cities; they are huge in my city San Diego. However, now that they are mainstream there is no reason to continue with tax breaks. Electric drivers will continue to drive them, and their share of the market will continue to expand with or without the tax breaks as more people convert. Lets us that tax money to pay for other important things like paying off our debt or funding sustainable energy solutions.
PatientTrades··on SEC warns famous crypto-currency backers
When famous celebrities get involved in speculation that is the ultimate sign of a bubble. Similar to when pro athletes like A-rod and paul pierce starting making day trades back in 2004. As usual mom and pop investors will be left holding the back. Regulation will be the nail in the coffin for crypto currencies in America which will probably be a debate topic for 2020 election cycle
PatientTrades··on Tesla posts big loss, cuts production of Models X and S to catch up on Model 3
Tesla best car I ever owned. I will wait 6 months if that what it takes for perfection.
PatientTrades··on They’re Talking Behind My Back: Remote Workers Feel Unsupported
I would happily work from home in exchange for feeling unsupported, Man some people just don't know how good they have it...
PatientTrades··on [dead]
I have learned over many years, that polling data is rarely ever correct and usually contains a severe bias. This same poll can be conducted by a different organization with the exact same sample population and the finding will be "71% of Americans Say Political Correctness Has Enhanced Discussions." Both will have data to back up their claim. And that's why polls are one of the worst ways to obtain information
PatientTrades··on Breitbart, other conservative outlets escalate anti-SpaceX campaign
Elon Musk has proved again and again that he is a gift from heaven to the human race. We must continue to support genius like him for the sake of humanity. Stop wasting money on endless wars, entitlements, fraud, waste, abuse, etc. Give our tax dollars to people that want to help mankind make a quantum leap forward. Extending life beyond earth is a necessity for the sustainment of humans
PatientTrades··on ESPN Can’t Afford Monday Night Football Any More
ESPN's downward spiral perpetuated when their talk show hosts started pushing their politic agenda and a liberal bias (Not saying a liberal bias is wrong, but many people get turned off by it). Sports should be an escape from the daily political circus and a time to relax and enjoy entertainment. FS1 is quickly becoming the destination for many sports fans and ESPN will continue to lose viewers if they don't change.
PatientTrades··on Ask HN: We have a great team and capital but can't find a good idea
What is your goal to get rich or to change the world? If your goal is to get rich then just start an algo/AI hedge fund. Might have to add a couple quants, but sounds like you have the perfect initial team for it. However, if you want to change the world than you should focus on everyday life. Change the way we humans, sleep, drive, eat, fly, love, workout, etc. Focus on the simple things in life, and integrate your ideas into it. Simple things are what change lives
PatientTrades··on Golden Rules of Financial Safety (1999)
> And how, exactly, does one embark upon an endeavor

By using the money earned from your career to fund ventures. A stable career should provide you with money to build wealth. However, simply working a 9-5 everyday will not provide wealth as the rules implies. It provides money, not wealth. There is a difference

PatientTrades··on Golden Rules of Financial Safety (1999)
> Where does the money for those things come from, if not your career?

The money to fund wealth building ventures comes from having a stable career. However, the act of having a career does not build wealth as the rule implies.

PatientTrades··on Golden Rules of Financial Safety (1999)
> Rule #1: Your career provides your wealth.

I mainly disagree with the first rule. Your career should not provide your wealth. Your career should keep your bills paid, provide security for the future, and allow you to live a comfortable life. Investments in financial endeavors like real estate, businesses, stocks, etc, education, and family is what provides wealth.

Update: Not sure why this post is getting downvoted? A career provides MONEY not WEALTH. There is a big difference. It is up to you to convert that money into wealth

PatientTrades··on Record surge in atmospheric CO2 seen in 2016
> It is urgent that we follow the Paris agreement and switch rapidly away from fossil fuels

I think everyone, even skeptics deep down agree that climate change is real. However, giving billions, if not trillions of dollars to an international climate fund run by who the hell knows is definitely not the correct approach. Businesses and people need short term incentives to switch, not just mandates. Until scientists further develop not only cheaper, but more convenient and efficient energy solutions, fossil fuels will continue to be used.

PatientTrades··on New Zealand to ban foreigners from buying existing houses
You are comparing apples and oranges.

> Why oppose a Russian millionaire buying an LA townhouse, but not a Texan millionaire buying the same townhouse?

A Texan resident is subject to the same federal financial rules and regulations when earning an income in the US as a LA resident. The Russian millionaire can earn millions in a different country under unknown rules.

> Why oppose a Russian millionaire buying an LA townhouse, but not a Russian millionaire buying a Degas painting?

Buying a Degas painting is a luxury, having a home for your family to live in is a necessity.

> Why oppose a Russian millionaire buying an LA townhouse, but not a Russian tourist buying a ticket to Disneyland?

Again buying a ticket to Disneyland is a luxury, not a necessity.

PatientTrades··on New Zealand to ban foreigners from buying existing houses
Foreign as in an individual whos permanent residence is not in the United States. i.e. A Russian millionaire buying a townhouse in LA
PatientTrades··on New Zealand to ban foreigners from buying existing houses
It would be nice to see the West do something like this in the major cities like LA, NY, etc. Foreigners shouldn't be able to come in and buy competitive property when they don't play by the same financial rules as us. seems unfair
PatientTrades··on Walmart will soon have robots roaming the aisles in 50 stores
Walmarts are already overcrowded as it is. Adding robots is going to clog the aisles even more. It could still work I guess
← PreviousPage 2 of 3Next →